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to over the fiscal cliff.but for & night... theehoose approved &pmeasure passed earliir n the day....by the ssnatt. it day.aises taxes on individuals &pearninggmore than 400-thoosan a year... and couples earning more than 450--housand dolllrs unemployment benefits. prrsideet obama praised lawmakers for reaccing an &pagreement that prottcts tte middle class. thanks to the votes of democrats and republicans in &pcoogress, i will sign aalaw that raises taxes on the cllssstax hike thht could have recession and obvvously had a severe impact on families all america.merica. middle claas amerrians will still take a financcal hit n po pay higher income taxes... they will have to pay at least 2-percent more in payroll taxes. thaa means most of the coontry's 160 illion workers will see smaller paychecks thiss the house of reppeeentatives wrapppd up this session wwthout considering the legislation.... authorizing assistance for uperstorm sandy victtms. the senate had alrrady passed the 60-poinn-four-billion dollar easure... but because new
to over the fiscal cliff.but for & night... theehoose approved &pmeasure passed earliir n the day....by the ssnatt. it day.aises taxes on individuals &pearninggmore than 400-thoosan a year... and couples earning more than 450--housand dolllrs unemployment benefits. prrsideet obama praised lawmakers for reaccing an &pagreement that prottcts tte middle class. thanks to the votes of democrats and republicans in &pcoogress, i will sign aalaw that raises taxes on the cllssstax...
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Jan 2, 2013
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last night republicans reluctantly passed the billaverting the fiscal disaster. >> president obama praised the deal and returned to his hawaiian vacation. >> reporter: they finally got it done. congress ended the long drama over the fiscal cliff with house republicans reluctantly passing the senate's bill. >> i will sign the law that lays the taxes on the final 2% of the americans and preventing a middle class tax hike that could have sent the country into recession. >> reporter: house republicans didn't want to raise taxes without cuts in government spending. >> there's no spending cuts. we are adding 4 billion dollars to the debt and we feel like that the senate bill failed miserablely. >> reporter: house republicans decided not to drag out the fight any longer and risk potentially taking the blame for massive tax hikes on every american worker. >> what's the alternative? allow 4 trillion dollars worth of tax hikes to hit the american people market uncertain? >> reporter: the bill shields people earning less than 400,000 a year from tax increases and extends unemployment benefits for 2 m
last night republicans reluctantly passed the billaverting the fiscal disaster. >> president obama praised the deal and returned to his hawaiian vacation. >> reporter: they finally got it done. congress ended the long drama over the fiscal cliff with house republicans reluctantly passing the senate's bill. >> i will sign the law that lays the taxes on the final 2% of the americans and preventing a middle class tax hike that could have sent the country into recession. >>...
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. >> tracie potts has a breakdown of what congress agreed to on capitol hill. >> good morning. a very late vote last night but in time for millions of americans who wondered if their taxes would go up this year. >> the house stands adjourned until 10:00 p.m. for morning our debates. >> lawmakers left capitol hill after finally avoiding the fiscal cliff. >> at some point you strike a balance. >> 257 democrats and republicans voting for a bill to keep the alternative minimum tax from hitting working families and prevent tax hikes for 98% of americans. tax rates will go up for couples making more than $450,000. democrats gave in on that. republicans won a victory -- the estate tax threshold is over $5 million. >> tax relief has been achieved. now is the time for the president to work with congress to address the government overspending. >> and the debt ceiling. before leaving for a whole lot president obama urged congress to raise it. >> we can't not pay bills that we have already incurred. the consequences for the global economy would be catastrophic. >> no word when the presiden
. >> tracie potts has a breakdown of what congress agreed to on capitol hill. >> good morning. a very late vote last night but in time for millions of americans who wondered if their taxes would go up this year. >> the house stands adjourned until 10:00 p.m. for morning our debates. >> lawmakers left capitol hill after finally avoiding the fiscal cliff. >> at some point you strike a balance. >> 257 democrats and republicans voting for a bill to keep the...
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Jan 2, 2013
01/13
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WBAL
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. >> tracie potts has a breakdown of what congress agreed to. >> good morning. a very late vote last night but runtime for millions of americans who wondered if their taxes would go what this year. >> lawmakers left capitol hill after finally avoiding the fiscal cliff. >> some point you strike a balance. >> 257 democrats and republicans voting for a bill to keep the alternative minimum tax from hitting working families and prevent tax hikes for 98% of americans. tax rates will go up for couples making more than $450,000. the estate tax threshold is over $5 million. >> tax relief has been achieved. now is a time for the president to work with congress to address the government overspending. >> and the debt ceiling. president obama urged congress to raise it. >> we cannot not pay bills that we have already incurred. the consequences for the global economy would be catastrophic. >> no word when the president will sign the new bill. it was just in time for nervous investors as markets reopen this morning. tracie potts, wbal-tv 11 news. >> police are investigating tw
. >> tracie potts has a breakdown of what congress agreed to. >> good morning. a very late vote last night but runtime for millions of americans who wondered if their taxes would go what this year. >> lawmakers left capitol hill after finally avoiding the fiscal cliff. >> some point you strike a balance. >> 257 democrats and republicans voting for a bill to keep the alternative minimum tax from hitting working families and prevent tax hikes for 98% of americans....
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Jan 2, 2013
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congress didn't make its deadline but the deal is enough to bring us back from the fiscal cliff. the house passed the senate's bill late last night. >> but the compromise does not resolve all the issues related to tax hikes and spending cuts. plenty to decide still. surae chinn is live on capitol hill. she has the latest on where we stand now. good morning, surae. >> reporter: good morning to both of you. the bill still needs the president's signature which is expected later on today. the president boarded air force one to head back to hawaii to finish his vacation with his family where he's expected to sign this bill into law. but this does really set up more showdowns in the future and in the coming months. the late night deal that was voted by the house late last night around 11:00 raises taxes on the wealthiest americans, including families earning $450,000 a year. but even democratic congressman jim moran voted down the belt because it sets up more fiscal showdowns, including having to debate raising the $16.4 trillion federal borrowing limit so the government can keep payin
congress didn't make its deadline but the deal is enough to bring us back from the fiscal cliff. the house passed the senate's bill late last night. >> but the compromise does not resolve all the issues related to tax hikes and spending cuts. plenty to decide still. surae chinn is live on capitol hill. she has the latest on where we stand now. good morning, surae. >> reporter: good morning to both of you. the bill still needs the president's signature which is expected later on...
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Jan 2, 2013
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the house came within hours of when the republican governor ripped the republican controlled congress and specifically house speaker john boehner for failing to vote before adjourning late last night on the sandy relief bill. >> we respond to innocent victims of natural disasters not as republicans or democrats, but as americans. or at least we did until last night. last night politics was placed before our oath to serve our citizens. for me it was disappointing and disgusting to watch. >> now a vote on the remaining $51 billion in the aid package will happen january 15th. lawmakers from new york, new jersey and elsewhere including a lot of republicans say they are satisfied eventually this aid will be forthcoming. >>> breaking news on secretary of state hillary clinton, good news. this is video shot just a short time ago of mrs. clinton leaving new york presbyterian hospital with her husband, former president bill clinton. secretary clinton had been hospitalized since sunday after doctors discovered a blood clot behind her right ear during a followup exam for a concussion she suffere
the house came within hours of when the republican governor ripped the republican controlled congress and specifically house speaker john boehner for failing to vote before adjourning late last night on the sandy relief bill. >> we respond to innocent victims of natural disasters not as republicans or democrats, but as americans. or at least we did until last night. last night politics was placed before our oath to serve our citizens. for me it was disappointing and disgusting to watch....
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Jan 2, 2013
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disappointment.late tuesday night... the house approved a measure ppssed earlier in the day... by the senate. it raises taxes on individuals earning mooe than 00-ttousand a year..it also extends d dolla unemployment eeeffts. &plawwakers for eaching an agreeeent that proteets tte middle class. thankssto the votee of democrats and republicans in congress, i will sign a law that raises taxxs n the wealttiest % of americans sent the economy back into ave 3 recession and obviousll haa a severe impact n families all across america. hit in 20-13. while they won't have to pay higger income taxes... thee will have to pay of the ccuntry's 160 million wwrkers will see smalllr paychecks this year. &pthe oose of representatives wrapped up this sessson without considering the sandy ictiis. authorizing phe ssnate had already ppssed the 60-point-four-billion doolar measure... but because new llwmakers will be sworn in tomooroow.. the entire legislative process will have to start over. republican leaders saa the fissal cliff maryland leaders are come uu with wayystt eep parylanders safer.the ma
disappointment.late tuesday night... the house approved a measure ppssed earlier in the day... by the senate. it raises taxes on individuals earning mooe than 00-ttousand a year..it also extends d dolla unemployment eeeffts. &plawwakers for eaching an agreeeent that proteets tte middle class. thankssto the votee of democrats and republicans in congress, i will sign a law that raises taxxs n the wealttiest % of americans sent the economy back into ave 3 recession and obviousll haa a severe...
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Jan 2, 2013
01/13
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this got done last night, 24 hours late but it got done. is congress dysfunctional? >> well, it's a very bumpy messy process. unless the speaker allows votes to happen like he did last night where he doesn't establish this rule that you have to have the majority of republicans in favor of something in the house, then it is going to be really hard to move forward with the people's business. but if the speaker does going forward, what he allowed to happen last night is just allow. it's not the republicans house or the democrats house. let the house vote. more republicans voting for something and fewer democrats. sometimes like last night, two democrats to every republicans voting for it. but the problem is the house republicans and this has been stated by nonpartisan. the house republicans are unwilling to compromise. a lot think compromise is a dirty word. they go back to districts and say they want things 100% their way. when you have divided government, one in control of congress, the only thing that stands in the way of divided government and dysfunctional governme
this got done last night, 24 hours late but it got done. is congress dysfunctional? >> well, it's a very bumpy messy process. unless the speaker allows votes to happen like he did last night where he doesn't establish this rule that you have to have the majority of republicans in favor of something in the house, then it is going to be really hard to move forward with the people's business. but if the speaker does going forward, what he allowed to happen last night is just allow. it's not...
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Jan 2, 2013
01/13
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. >> the drama is over -- congress has finally passed a fiscal deal. it was a long night for both sides but the house republicans decided to vote on that senate bill. the president signed off on a and said it will pass into law but many say this is not the end of the fiscal issues in 2013. >> parents at one montgomery county elementary school are asking for more security at the school. that story and more coming up this our. >> it is four days until the big game and excitement is growing each day and so are the ticket prices. redskins fans say they are willing to pay. it has been 13 years since a playoff game was played at fedex field. >> good morning to you washington. >> let's get a quick check on the forecast. >> it is a pretty decent day overall. we are very cloudy this morning but that is keeping the temperatures up. there is a wintry mix into southern maryland but that will push out shortly and the skies will clear out throughout the day. 36 degrees in washington and 34 at dulles and 30 in frederick. the temperatures are not moving a whole lot. h
. >> the drama is over -- congress has finally passed a fiscal deal. it was a long night for both sides but the house republicans decided to vote on that senate bill. the president signed off on a and said it will pass into law but many say this is not the end of the fiscal issues in 2013. >> parents at one montgomery county elementary school are asking for more security at the school. that story and more coming up this our. >> it is four days until the big game and excitement...
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Jan 2, 2013
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here we are on new year's night, the clock running out on the very existence of this congress. finally, considering bipartisan legislation to provide middle- class tax cuts and require the wealthiest once again pay their fair share so we can grow the economy, create jobs, and protect the most vulnerable in our society. it is indeed well past time that we got about the people's business. i served on the group of both republican and democratic representatives and senators who worked with the vice president on our nation's fiscal issues. we made good progress in those talks until our republican friends walked away, fearing the wrath of the tea party. i also served in the bipartisan joint select committee on deficit reduction, the so- called super committee, that spend countless hours discussing these issues in detail. it was very clear -- the elements of a fair and balanced fiscal plan were achievable. but at the end of the process, the republican leaders refuse to compromise and the super committee failed. so here we are. well this is not a perfect bill, and i have serious concer
here we are on new year's night, the clock running out on the very existence of this congress. finally, considering bipartisan legislation to provide middle- class tax cuts and require the wealthiest once again pay their fair share so we can grow the economy, create jobs, and protect the most vulnerable in our society. it is indeed well past time that we got about the people's business. i served on the group of both republican and democratic representatives and senators who worked with the vice...
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Jan 2, 2013
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shame on congress. >> lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, boehner pulled the bill. boehner assures lawmakers a vote on sandy aid will happen by january 15th. >>> stress, you know, it's a normal part of our lives but how you hand tell can have a real impact on your health. being constantly stressed out can aid you. in fact, it's the greatest ager of all. chronic stress can do serious damage to you. >> in the short term it increases cortisol and other hormone levels. in other cases it depletes them. it's the delesion, having the chronic stress is aging. it increases our risk for cancers. it increases our risk of inflammation. the plaque rupture which causes heart disease, stroke, memory also and increases our risk of accidents. >> there's no way to avoid stress but how you manage it make as big difference. deep breathing, medication and having a good circle of friends for support is helpful. >>> if dropping extra pounds tops your list of resolutions this year, there are ways to boost your metabolism wi
shame on congress. >> lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, boehner pulled the bill. boehner assures lawmakers a vote on sandy aid will happen by january 15th. >>> stress, you know, it's a normal part of our lives but how you hand tell can have a real impact on your health. being constantly stressed out can aid you. in fact, it's the greatest ager of all. chronic stress can do serious damage to...
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shame on congress. >> reporter: lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, house speaker john boehner pulled the bill. it would not -- the reaction was swift and angry. >> the ayes have it. the house stands adjourned until 10 a.m. tomorrow morning. >> reporter: the senate passed a measure that with provide $60 million and many said the provides tag was too high. >> there raise been no substantive reason given for the action. >> reporter: the timing is key. if the house doesn't vote on the senate-passed measure, lawmakers have to start from scratch because the new members cannot take up a bill from the old congress. that means the much needed i'd could be delayed for several weeks. >> we need to rebuild now. we need to act now. we can't wait for the next congress. >> reporter: speaker boehner told republicans there will ab vote friday and the rest by january 15th. >> congressman peter king said the speaker of the house john boehner promised aid to victims will be coming up january 15 and there's a scheduled
shame on congress. >> reporter: lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, house speaker john boehner pulled the bill. it would not -- the reaction was swift and angry. >> the ayes have it. the house stands adjourned until 10 a.m. tomorrow morning. >> reporter: the senate passed a measure that with provide $60 million and many said the provides tag was too high. >> there raise been no...
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Jan 2, 2013
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we need to look back on this night and regret it. >> reporter: but this night we take a step. a positive step. the people watching us mr. speaker on television tonight, and reading about their congress tomorrow and seeing that we were able to act, not perfectly, but in a bipartisan fashion to try to take a step towards fiscal responsibility, fiscal stability, and yes, caring for those who most need our help in this country. >> reporter: it is somehow appropriate that on january 1 the year begins with a fight over the budget. it is going to happen three more times between now and the end of march and those fights will be as difficult as this one. anita? >> thank you. >>> so what does it mean for your taxes, your paychecks, and in the end your wallets? they join us to break it down. >> there is virtually no one that is not affected. not you, not me. all of our viewers were all affected to get the markets opened tomorrow is no coincidence. and there is just one thing that will make a difference between losing and gaining a couple of hundred points on the dow. remember this word t
we need to look back on this night and regret it. >> reporter: but this night we take a step. a positive step. the people watching us mr. speaker on television tonight, and reading about their congress tomorrow and seeing that we were able to act, not perfectly, but in a bipartisan fashion to try to take a step towards fiscal responsibility, fiscal stability, and yes, caring for those who most need our help in this country. >> reporter: it is somehow appropriate that on january 1...
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Jan 2, 2013
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last night on the holiday for most of us, congress agreed on a deal to avoid the fiscal cliff. sherrie johnson is live this morning with what it can mean for you. there's a lot of stuff to work through with this. >> reporter: oh, you are absolutely right especially with the debt ceiling. we have more work but after months of drama and tense negotiations, congress passed legislation to avoid the fiscal cliff. lawmakers did not meet the deadline and they didn't get the grand bargain that both parties clap was the goal there. was concern among -- a lack of spending cuts. the deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households earning less than 450,000 dollars. it prevents a tax hike on a state's -- estates valued at less than 5 34eu8ion and extends unemployment benefits for about 2 million people that were set to expire. now what it does not do is raise the debt ceiling. in two months the government will reach the limit on borrowing unless congress acts. the bill delays large cuts to the pentagon and other government programs.
last night on the holiday for most of us, congress agreed on a deal to avoid the fiscal cliff. sherrie johnson is live this morning with what it can mean for you. there's a lot of stuff to work through with this. >> reporter: oh, you are absolutely right especially with the debt ceiling. we have more work but after months of drama and tense negotiations, congress passed legislation to avoid the fiscal cliff. lawmakers did not meet the deadline and they didn't get the grand bargain that...
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Jan 2, 2013
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to addressing sany relief this month, but that means the new congress that convenes tomorrow will have to start from scratch, busbu legislation does not -- because legislation does not carry over. >>> as the fiscal cliff has been averted, the wait to the last minute has many skeptics, anda renewed discussion aboutdisc civility in congress.ng joining us is the managingma editor of the hill newspaper. you got john boehner here trying to corral the cass on the house floor, he seems to be the moderate, and if there's any take away from the election mitt thromney lost, it's because theh republicans are so far rightfar that they need to come more to the middle, but the republican party is dissing john boehnerhn who is kind of in the middle? >> he got in trouble because of that sandy relief, and chrischri christie called him out, andan boehner backed down on sandy,o but overall, the republican party is not unified, and we sa that with the fiscal cliff deall senate republicans struck a deal with joe biden, it passed the senate, and house republicans said no way.wa we're not going for that. the
to addressing sany relief this month, but that means the new congress that convenes tomorrow will have to start from scratch, busbu legislation does not -- because legislation does not carry over. >>> as the fiscal cliff has been averted, the wait to the last minute has many skeptics, anda renewed discussion aboutdisc civility in congress.ng joining us is the managingma editor of the hill newspaper. you got john boehner here trying to corral the cass on the house floor, he seems to be...
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Jan 2, 2013
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. >> a surge on wall street after congress finally reached a fiscal deal late tuesday night. on this thursday in trading of the new year, the dow jones jumped more than 200 points. >> this lot is just one step in the broader effort to strengthen our economy and broaden opportunities for everybody. >> the measure now headed to the president's desk and will prevent income tax increases and workers -- on workers earning less than $400,000 year-end extend unemployment benefits. but the bill does not include a speextending the social security tax cut. workers will now pay to% more in social security taxes. >> what we are really doing is raising taxes to give the president or money to spend. we think that's a bad idea. >> are members on the hill say that this was not a perfect or permanent fix but they're glad a deal is done. others say this is just the beginning of tackling the fiscal problems. a virginia congressman, jim moran, one of 16 democrats who did not vote for the bill. he says this year will see a dramatically shrinking government. >> this is a new day and it's not a bri
. >> a surge on wall street after congress finally reached a fiscal deal late tuesday night. on this thursday in trading of the new year, the dow jones jumped more than 200 points. >> this lot is just one step in the broader effort to strengthen our economy and broaden opportunities for everybody. >> the measure now headed to the president's desk and will prevent income tax increases and workers -- on workers earning less than $400,000 year-end extend unemployment benefits....
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the house approved a bill last night and the senate approved a bill tuesday morning. but the bipartisan bickering continues. after passing the bill, one very important piece of legislation was not touched -- a $60 billion aid package for victims of super stormed sandy. the house agree to hold a vote by january 15 but it comes one day after finger-pointing and outrage from lawmakers. >> it is a lashing and tough- talking chris christie is known for only the time it is a fellow republican his railing against. >> i called the speaker four times last night after 11:20 and he did not take my calls. >> publicly bashing john boehner, chris christie and others from the hard-hit areas of new york and new jersey did not hold back of the house's failure to vote on the sandy relief package last night. >> we cannot believe this knife in the back was delivered to our region. >> the legislation to help the areas still in ruins failed through the senate last -- sailed through the senate last week. but after last night, the house adjourned leaving the bill and thousands of displaced r
the house approved a bill last night and the senate approved a bill tuesday morning. but the bipartisan bickering continues. after passing the bill, one very important piece of legislation was not touched -- a $60 billion aid package for victims of super stormed sandy. the house agree to hold a vote by january 15 but it comes one day after finger-pointing and outrage from lawmakers. >> it is a lashing and tough- talking chris christie is known for only the time it is a fellow republican...
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. >> now i am dismayed and really saddened that the house of representatives walked away last night, didn't even touch this after we spent so much time here on the floor doing something to help the beleaguered part of our country. >> reporter: republican congressman peter king who represents part of long island called it a disgrace and blasted leaders of his own party. >> we cannot believe that this cruel knife in the back was delivered to our region. >> reporter: the president called for immediate action saying when tragedy strikes, americans come together to support those in need. i urge republicans in the house of representatives to do the same. house speaker john boehner said he will make the sandy aid package a top priority in the new congress, a new congress sworn in thursday which means it's back to square one when it comes to drafting this sandy recovery legislation. i'm tory dunnan reporting. >> speaker boehner says he will schedule two votes on aid, one for this friday and a second for january 15th. >>> the lack of action on sandy relief and the last minute nature of the fi
. >> now i am dismayed and really saddened that the house of representatives walked away last night, didn't even touch this after we spent so much time here on the floor doing something to help the beleaguered part of our country. >> reporter: republican congressman peter king who represents part of long island called it a disgrace and blasted leaders of his own party. >> we cannot believe that this cruel knife in the back was delivered to our region. >> reporter: the...
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but this night as we end the 112th congress, as we have strived mightily to come to an agreement with great difficulty and realizing that all of us have very strong feelings i severely regret that this is not a big, bold, balanced plan. >> i yield two minutes to the gentleman. >> the gentleman recognized for an additional two minutes. >> i recognize this is not a big, bold and balanced plan. we had an opportunity to reach such an agreement. n. a bipartisan fashion. and we will not reach a big bold and balanced plan without bipartisanship because the decisions we will have to make will be too difficult. not to be done in a bipartisan fashion. but this night we take a step. a positive step. and the people watching us, mr. speaker, on television tonight and reading about their congress tomorrow and seeing that we were able to act. not perfectly. but in a bipartisan fashion to try to take a step towards fiscal responsibility, fiscal stability, and, yes, caring for those who most need our help in this country. and so i urge my colleagues as the leader of my party in this congress you restr
but this night as we end the 112th congress, as we have strived mightily to come to an agreement with great difficulty and realizing that all of us have very strong feelings i severely regret that this is not a big, bold, balanced plan. >> i yield two minutes to the gentleman. >> the gentleman recognized for an additional two minutes. >> i recognize this is not a big, bold and balanced plan. we had an opportunity to reach such an agreement. n. a bipartisan fashion. and we will...
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WBAL
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that gave president obama reason to make a rare late-night stop in the briefing room. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: the president quickly turned from thanking congress to calling them out over raising the country's borrowing limit, the debt ceiling, necessary within weeks. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> reporter: many in both parties remain frustrated that the fiscal cliff deal does not cut the deficit. >> i severely regret that this is not a big, bold, balanced plan. >> reporter: and that will be the next washington drama. >> we also need to address the fundame fundamental causes of our debts and deficits and that's out-of-control spending. >> reporter: columnist david brooks criticized congress for setting up fights by avoiding hard decisions. far from laying the groundwork for future cooperation, it sentences the country to another few years of bud
that gave president obama reason to make a rare late-night stop in the briefing room. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: the president quickly turned from thanking congress to calling them out over raising the country's borrowing limit, the debt ceiling, necessary within weeks. >> while i will negotiate over many things, i will not have another debate with this congress over whether or...
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late last night the house approved a bill to avoid the so- called fiscal cliff and the measure is now on its way to president obama for him to sign. >> if the president and congress fail to act, the billions of tax hikes and spending cuts were set to take effect this month. fox's lauren green has more. >> the yaes are 257, the nays are 167, the motion is adopted without objection a motion to reconsider is laid on the table. >>reporter: the republican- controlled house of representatives has moved to pass the fiscal cliff bill. >> the central premise of my campaign for president was to change the tax code that was too skewed toward the wealthy at the expense of working middle class americans. tonight we've done it. >>reporter: they dropped their demands for additional spending cuts, clearing the way for the vote, but not all were in full support of the deal. >> and the problem is we set up three nor fiscal cliffs. we're going to have to deal with the debt ceiling, we're going to have to deal with the continuing resolution expiration and we'll have to deal with the sequester and all tha
late last night the house approved a bill to avoid the so- called fiscal cliff and the measure is now on its way to president obama for him to sign. >> if the president and congress fail to act, the billions of tax hikes and spending cuts were set to take effect this month. fox's lauren green has more. >> the yaes are 257, the nays are 167, the motion is adopted without objection a motion to reconsider is laid on the table. >>reporter: the republican- controlled house of...
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last night. will the same happen on wall street? we're going to go to live -- going to go live to fox business network in new york. >>> and you can buy a stamp celebrating the emancipation proclamation. the limited-edition stamp is one of civil rights stamps which will be released in 2013. >>> it's now 6:20. we'll be back. amazing. right? yeah. next one's on you. yeah, okay. introducing dunkin's new turkey sausage breakfast sandwich. the surprisingly great taste of turkey sausage on a pepper-fried egg with under 400 calories. try it, you'll like it. america runs on dunkin'. hurry in for dunkin's new turkey sausage breakfast sandwich today! >>> welcome back to fox 5 morning news. >>> it's back to work today on wall street. so the question is how will the stock market respond to the news of the fiscal cliff deal? lauren simonetti with fox business work is live. good morning tou, lauren. i haven't seen you since last year. >>reporter: oh, yes, it's been a while. good morning. happy
last night. will the same happen on wall street? we're going to go to live -- going to go live to fox business network in new york. >>> and you can buy a stamp celebrating the emancipation proclamation. the limited-edition stamp is one of civil rights stamps which will be released in 2013. >>> it's now 6:20. we'll be back. amazing. right? yeah. next one's on you. yeah, okay. introducing dunkin's new turkey sausage breakfast sandwich. the surprisingly great...
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. >>> and late-night vote. the house gives final approval to a fiscal cliff that will prevent major tax increases. a look at who will not benefit from the this. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> and po no time to celebrate. a warning from prescribe about the next fight. should the debt ceiling be raised. >> good morning. welcome to "news4 midday." i'm keith russell. >>> and it's wednesday, january 2nd, 2013. a bomb squad is in vienna, trying to figure out who left explosive device at a tire shop and why. this led the police to shut down the entire block of maple avenue. tony is live from the scene with the latest, good morning, tony. >> reporter: good morning. when we get called to these scenes a lot of time it turns out it was a package somebody was taken to the post oftenst offers or a purse or piece of luggage but that wasn't the case this morning on an excited scene when
. >>> and late-night vote. the house gives final approval to a fiscal cliff that will prevent major tax increases. a look at who will not benefit from the this. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> and po no time to celebrate. a warning from prescribe about the next fight. should the debt ceiling be raised. >> good morning. welcome to...
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house, of the congress. where does everything stand right now? >> well, judy, house republicans met about an hour, hour-and-a-half ago. they just had been on the house floor. now that vote was not notable except it was a whip session. here's what house republican leaders have told their rank-and-file. we have two choices for you. choice one is to amend this bill. they've got a package ready to go of spending cuts. it's about $330 billion over ten years. the house has already passed it. it's a sequester replacement bill. it cuts food stamps, federal pensions. it cuts some other domestic spending. it gets rid defense cuts. we can pass that and attach it to the senate deal and send it back to the senate. they've also been warned, you can do that if you want to. if you do that, it probably kills this deal. harry reid, his aide senate democrats have been adamant. they're not going to touch an amended version of this deal that was brokered between republican leader and the vice president. option 2 is to pass that
house, of the congress. where does everything stand right now? >> well, judy, house republicans met about an hour, hour-and-a-half ago. they just had been on the house floor. now that vote was not notable except it was a whip session. here's what house republican leaders have told their rank-and-file. we have two choices for you. choice one is to amend this bill. they've got a package ready to go of spending cuts. it's about $330 billion over ten years. the house has already passed it....
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in the last night or the last two days of a congress to say that two months from now, a new congress is going to do what we are not doing here today is not something i would like to do. i want americans to have lower taxes, but the other day in conference, one of my colleagues pointed out that if, in fact, you're spending the money, you're taxing our future generation. we are taxing $1.2 trillion next year. we are taxing $1.2 trillion. we won't collect it, but taxing $1.2 trillion of deficit. the chairman of the committee of the ways and means committee, mr. camp, rightfully so said, we also aren't simplifying the tax code and not making it better or fairer and not getting rid of the nascar loophole or the electric motor scooter low-speed loophole and not getting rid of a lot of tax things that are here. we aren't taking things that the president said he would be for, like getting the calculation of changing the consumer price index for federal security work force and pensions, which would reduce the deficit. i cannot believe that this tax cut will, in fact, be followed with the spen
in the last night or the last two days of a congress to say that two months from now, a new congress is going to do what we are not doing here today is not something i would like to do. i want americans to have lower taxes, but the other day in conference, one of my colleagues pointed out that if, in fact, you're spending the money, you're taxing our future generation. we are taxing $1.2 trillion next year. we are taxing $1.2 trillion. we won't collect it, but taxing $1.2 trillion of deficit....
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republicans in congress brought this house to a new low last night. the banner on the speaker's chair says, in god we trust. god alone cannot help these families rebuild but unfortunately the american people cannot trust the republican congress to help either. the only thing my republican colleagues did this week was to serve up false hope to the people who have been devastated by this storm. false promises, false guarantees that would be there to help them in their time of need. many of you know that my cousin john moran, i don't speak about john often, was killed on 9/11. he came from the rockaway community. there was a monument on the beach, on beach 118th street, there were i would say dozens of monuments, as congressman meeks knows, along the rockaway peninsula. they were destroyed by hurricane sandy. it didn't stop my family and his neighbors to go out and sift through the feets of sand to find that memorial, it was that precious to them. they didn't wait for the federal government to come help pull them up by their boot straps. they did it them
republicans in congress brought this house to a new low last night. the banner on the speaker's chair says, in god we trust. god alone cannot help these families rebuild but unfortunately the american people cannot trust the republican congress to help either. the only thing my republican colleagues did this week was to serve up false hope to the people who have been devastated by this storm. false promises, false guarantees that would be there to help them in their time of need. many of you...
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republicans in congress brought this house to a new low last night. the banner other the speaker's chair says, in god we trust. god alone cannot help these people rebuild but the american people cannot trust the republican congress to help either. the only thing the republican leadership did is serve up false promises to the families, false guarantees, many know my cousin john moran was killed on 9/11. he came from the rockaway community. there was a monument on the beach, dozens of mononumets along the rockaway peninsula. they were destroyed by hurricane sandy. it didn't stop my family and his neighbors to go out and sift through the feet of sand to find that memorial with that -- it was that precious they didn't wait for the federal government to come help pull them up by their boot strap they did it themselves, they continue to do it. they're humble people, proud people throughout the entire region affected by this. they will recover but sadly to say, no thanks to the 112th congress. the speaker pro tempore: the gentleman's time has expired. the ch
republicans in congress brought this house to a new low last night. the banner other the speaker's chair says, in god we trust. god alone cannot help these people rebuild but the american people cannot trust the republican congress to help either. the only thing the republican leadership did is serve up false promises to the families, false guarantees, many know my cousin john moran was killed on 9/11. he came from the rockaway community. there was a monument on the beach, dozens of mononumets...